Ramaco Resources(US:METC) Businesswire·2026-01-31 00:13Core Viewpoint - A class action lawsuit has been filed against Ramaco Resources, Inc. due to allegations of misleading statements regarding the company's Brook Mine operations, which reportedly did not commence significant mining activity as claimed [1][4]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Southern District of New York, under the case caption Henning v. Ramaco Resources, Inc., and covers the period from July 31, 2025, to October 23, 2025 [1]. - The lawsuit claims violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, asserting that the defendants made materially false and misleading statements about the company's business and operations [1][4]. Group 2: Allegations Against Ramaco - Wolfpack Research published a report on October 23, 2025, alleging that Ramaco's Brook Mine was a "hoax" and that no active mining work had occurred since its groundbreaking in July [3]. - The report indicated that drone footage taken three months after the mine's opening showed no active work, contradicting the company's claims of progress [3]. - Following the report, Ramaco's stock price dropped by $3.81, or 9.6%, closing at $36.01 per share on October 23, 2025, with unusually high trading volume [3]. Group 3: Misleading Statements - The complaint alleges that the defendants failed to disclose critical information, including the lack of significant mining activity at the Brook Mine and the overstated development progress [4]. - It is claimed that the positive statements made by the defendants regarding the company's operations were materially misleading and lacked a reasonable basis [4].